Seattle daily post-intelligencer. [volume] (Seattle, W.T. [Wash.]) 1881-1888, 1887-06-26

70 pfeyent ihe arrival d tie Rke4tefops
Of vhsat from Dakota. A essneE in
storage was eassted aaa she railroads
EeFe blocked. Road after read served
notice that 80 more wheat would be
skipped 90 Chicago. This brought the
shorts 70 the front With vengeance.
There are ]. go ue1befs Of tbe Board
Of Trade. About so Of these are non
e0nbataRs& OF the remaining / AGO
about !, 200 trade IN wheat, and OF this
], 200 nos m9rs than 20 are on the bull
side Of the deal. Tie other 1000 are
WHAT 70 KNOWN As sHozTs-
They are more OF lees small dealers snd
do eommtssloR business. Tasir eos
10 nsfa 10 the Northwest seeing the mar
kst going Up snd prices high, ordered
them 20 sell the sfuh. being vel awsre
tkst they could not hope to Rss q nacb
better prise fer their wheat. When the
roads bsoams Blocked theas customers
began to write letters fxp0stula;ir9 with
their agents for NOS pushing the matter.
Ikess shorts then vent to She directors
and made esraplsints, and the result
vas thst the directors took CD she mat
ter and determined 10 erush out the
clique IN 90 FAR a. the ooFneR IN storage
snd blocking Of the railroads vas
coposued. President Wright began
the haht In tbe directory, and the later
0esas took up She matter. TOE farmers
and shippers throughout the Northwest
we're advised that they could demand
that the railroads shoeld take their
grsir for shipment to Chicago. The
railroads. seeing thai the war wss liable
30 burt them, began 10 cry out, and tee
result vas that the syndicate took fright.
rHE PANIC.
Yesterday was tie day for tbs mess.
ing OF the Board Of Directors OF the
Beard OF Trade, and 1t vas feared that
they would make wheat regular even in
The freight ears. Millions Of money
was slTesdy Up In margins. land IL would
require millions more 10 meet any such
demand as would be made July l. Is
wss decided TO close shs dsai 10 q qnle.
manner and ast rid Of she grain on
hand Rs best they might. Oaly two
dsTs ago KershaW a %. transferred
8 0O0, COO bushels OF wheat to Rsssnheld
4 Co., and the clique Withdrew she pro
its Ia sight on that deal. Tais took
down q large los OF availabls cash which
Rossnfsld 4 Co. might have used 10
uarEiR the grain they held. In order
10 manage
THE cLosIxo or THB DIAL
" % some system conference between
J. ~. Wiltshire, the Cincinnati broker.
vhs 10 credited With being the repre-
sentative Of the syndicate Of Cincinnati
capitalists RAINING the Deal, and @. ].
Kers1aw 4 Co, ITwiR. Green a Co, and
Maurios Rossu.ield s Co, at the Hotel
kicheiisg. Monday evening. Leopold
Bio u, OF the Board Of Trade, ehsnced
20 be at the hesel, snd be at ones SIR
mised that somethin9 vas about to hap
gen. He vas promptly on hand yesser
dsy morning and ready 70 take adyan
tsge Of any turn la the market. He
took Norman b. Resm into his e5nd-
deco a3a be slso pruhted By the col
lspse.
The excitement began almost from
the openias, and the june option drop
ed fFon % to ~ before the bell
rsRs at ] O'Clock. Tae result vaa 20
plunge be great Specializing crowd In o
vortex ef tta mosi pronounced panic
Secretary Stone wsnt into the gallery
mallst IN hand. and every ore knew
thai someone had failed. Il mast be 90.
All we're on tie lockout for tue an
nssReemeni. Tbs msles fell and amid
ths utnost excitement o psinfnl hush
Vas obisine I for OGly fex seconsu
Il vas snt s9h fer tbs announcement;
IAN parties having trades With MAur
les k0ssDhsld 4 %. are rsqasHed 10
ci0sS then Is cEce.a
Tue last words we're drowned IN per
fecl pAneesnouinu OF yeils aBd cAils-
Tbs crowd in the vhesi sit sarRsd
LIKE SKA INA STORM,
Aed the wheat dial vas the o.nter for
sll eyes. Tke golden hands fss back
yard q ceGt aud bllf, and everyone
knew that Tire great corner Of 1887 had |
dies. IL vas a voritabla death kasil, |
snd The entire commercial world. frors
Australia So Englsnd, vas notified by |
t1e telegraph within enc moment thai |
the ead had cone. II may ba years be. |
fere ever the ike IL ssen In Chisseo
again. u has been years sinos q soma
shat similar sight has beea Witnessed |
I0e syndicate has fully 1900 600 |
onssels % wheat here, and nesriy sio0.- |
81, coo are tied CO 10 saargius, OF invest |
ed "a he deaf one way orAnotaeF.
Toe rtsaita Of tbis monster deal are /
bat iasi besinnisG % msks themselves l
manifest. 4 lssGfsli a Go. e W.
Bailey b Co. ard ENmil & Brine hlve 4
announced Tier STORAGE. KsFshaw 4 /
90. hcps b b aole 70 sstkla this morn /
iug. Bat there ere auuirtds % ethers /
Ueo loss money 80 this giant aacsastion /
aeo o Is Impossible 10 atate iast hoS 1
many Wi be eouaaslleG 70 ssssam5 50
tbs pce sers ~ sifeunstsrc II will |
sssve . rsfAlyzs trade for uoaths. and |
ths tnfess w1H nei be satesd sntirely /
unil 1855.
H-v II vas DONE
Fae wSy the business vas soas on
'Casree yesterday s interesting 20 al
it7se Eh1 vtrs uushls 70 zee IL. Tee
asss ioEiaaiicr thSt something Vas tie
asst'ez Gaa las. S1aTdAy, vbsn the /
4aly eFtien vss forced diva. jane
shes' cas- keps ~ % - \ oents. and
sae q Htren.a between IL S7d Jasy vas
- EAfked that ssfGinsl gFiea wa
,ase - Be aKsd. 4ae Wiltshire. TIE
lane'ensu erskeF, was here and held
(, nters1ces nth zoe cilazs brokers.
q lasi irtsstteS taAl sAs had va
a&i1 a. See kioheiicG, srd s1uas uasna-
sers co tie Beard looksd FOG t-oshle
.e4tsfasy uorsin-, sts kreAk ses
ass1 Uecs "a ds'y, snd tse c. Que
ssoRers rsv-r M es sra1ve - ksat
ISABEL o. e h5sslHsld & Co : brokers'
sesaally keFs 80 ;se 5zoa prise 81 81
'sn ., Ueen J2ly vas al 90 ssata. Tee ,
'HoSd Stood 81 sad ssv that tSs elscne
'eiae-f eeugai 1s5 sd gaia Ia thsFif.
KSNcNs wsas o1scrLATED saErnL1
Il vas stated that rcn was eSlne
sSds % tas flSs,isy BANK. sf Cins.a-
ash IktR - 81 L Eevnrf's hSrk ara